Test: Performance Of Contract- 2


30 Questions MCQ Test Business Laws for CA Foundation | Test: Performance Of Contract- 2


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This mock test of Test: Performance Of Contract- 2 for CA Foundation helps you for every CA Foundation entrance exam. This contains 30 Multiple Choice Questions for CA Foundation Test: Performance Of Contract- 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Performance Of Contract- 2 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Performance Of Contract- 2 exercise for a better result in the exam. You can find other Test: Performance Of Contract- 2 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

 A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?

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QUESTION: 2

 In case of default by joint promisors, the promisee: 

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QUESTION: 3

 Discharge by mutual agreement may involve ___________:

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QUESTION: 4

Commercial Impossibility does not make the contract _________.

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QUESTION: 5

 Rescission of a voidable contract is communicated and revoked in the same manner as the communication of revocation of : 

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QUESTION: 6

When an inferior right accruing to a party in a contract merges into a superior right accruing to the same party, then : 

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QUESTION: 7

If time is the essence of a contract and the promisor fails to perform the contract by the specified time. The contract: 

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QUESTION: 8

R contracts to sell his car to S for Rs. 7 Lacs and S agrees to pay on delivery. Once the car is delivered to S and S pays Rs. 7 Lacs, Contract comes to an end. This is called: 

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QUESTION: 9

Reasonable time for performance of contract is a : 

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QUESTION: 10

W, a singer enters into a contract with M, the manager of a theatre, to sing at his threatre for two nights in every week during the next two months and M engages to pay her Rs. 5 Lacs for each night’s performance. On the 7th night, W willfully absents herself from the theatre :

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QUESTION: 11

 If a new contract is substituted in place of an existing contract is called :

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QUESTION: 12

A enters into a contract with B for dancing at his theatre for three nights for a fee of Rs. 2,00,000. A dances for two nights and is faller ill. What remedy is available to B?

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QUESTION: 13

 Whether time is the essence of the contract depends on the :

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QUESTION: 14

The right of joint promises to demand performance is: 

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QUESTION: 15

 X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads: 
(i) As to Rs. 2,000 that it was time barred, and 
(ii) As to Rs. 2,500 a part payment of Rs. 1,000 

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QUESTION: 16

A contract entered between promiser and promise becomes impossible to perform due to the destruction of the subject matter. In this case

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QUESTION: 17

 In a contract where personal consideration is not the foundation of the contract, the contract may be performed by:

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QUESTION: 18

 X contract with Y to sell his imported car for Rs. 50,000. Later on both the parties decide not be honour the deal. This is a case of discharge of contract by 

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QUESTION: 19

 If time is the essence of a contract and it is not performed within specified time then______

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QUESTION: 20

“Novation” means ________

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QUESTION: 21

 Commercial Impossibility does not make the contract _________.

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QUESTION: 22

X paid to Y Rs. 7, 00,000 for purchases of a flat. Y promised to give possession of the flat after one year. Y’s promise to give the possession is:

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QUESTION: 23

 Impossibility existing subsequent to the formation of contract is called_____________.

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QUESTION: 24

Brown promises to sell his house to Crown for Rs. 20,00,000. Later on both of them agreed not to execute the deal; this is known as:-

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QUESTION: 25

Supervening impossibility is related to:-

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QUESTION: 26

Contract can be discharged by:

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QUESTION: 27

___________ of a Contract taken place when all or some of the terms of the contract are cancelled.

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QUESTION: 28

 Amar promises to paint a picture for Rambabu. Here, the promise must be performed by Amar himself because the Contract ________

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QUESTION: 29

 Where the performance of a promise by one party depends on the prior performance of promise by the other party such reciprocal promises fall under the category. 

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QUESTION: 30

 If a new contract is substituted in place of an existing contract is called :

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